Lead partner for the Lovells team, Shibeer Ahmed, said: “It has been a busy first six months for our new office in Dubai. Since we launched in May, the team has closed transactions in financing totalling $6bn (£2.94bn) in value.”

The financing incorporates three tranches including a $300m (£147.23m) loan syndicated to local banks, a $65m (£31.90) loan and an Islamic sukuk worth $50m (£24.54m).